The Interview - Crypto | Featuring Josh Williams and Santiago Velez

TL;DR

Forte Labs is working on integrating blockchain technology into gaming to allow players to have property rights and economic opportunities within virtual worlds.

Transcript

uh welcome to real vision everyone uh my name is santiago velez the co-founder of block digital corporation and today i'm very excited to have with us mr josh williams the ceo and co-founder of forte labs welcome hi santiago nice to nice to be here thanks for having me oh absolutely my pleasure i've been very excited to have this interview a lot of... Read More

Key Insights

• 💰 The gaming market has experienced significant growth, becoming a multi-trillion dollar industry with billions of players worldwide.
• 🌐 Games have evolved from being niche to becoming a global phenomenon, with virtual events and experiences attracting millions of participants.
• 👾 The lack of an enabling technology has prevented the establishment of property rights and real economies in games.
• 👻 Blockchain technology allows for a decentralized database, enabling players to truly own digital goods and participate in real economies within gaming.

Questions & Answers

Q: How has the gaming market evolved from when you were a child to now?

The gaming market has grown tremendously, with games becoming a global phenomenon and attracting billions of players worldwide. It has evolved from a niche and nerdy hobby to a multi-trillion dollar industry.

Q: Why haven't property rights and real economies been established in games before?

The lack of an enabling technology was the main reason. Virtual goods and currencies in games were stored in a centralized database controlled by game publishers, preventing players from truly owning these assets. Blockchain technology now allows for a shared state and decentralized database, enabling property rights.

Q: What role does blockchain technology play in Forte Labs' vision?

Blockchain technology enables a global database of digital goods in games that is verified and secured by a network of participants. With the introduction of blockchain, players can have property rights and participate in real economies within gaming.

Q: How is Forte Labs making it easier for game developers to integrate blockchain technology?

Forte Labs aims to simplify the integration process for game developers who may not have expertise in blockchain technology. They provide tools and solutions to easily incorporate blockchain and create real economies within games.

Summary & Key Takeaways

• The gaming market is no longer niche and infant, with approximately 3 billion people playing games every month, making it a two trillion dollar industry.

• Games have become a global phenomenon, with cultural events and virtual experiences attracting millions of participants.

• Forte Labs aims to enable players to truly own digital goods in games by utilizing blockchain technology, allowing for property rights and real economies within gaming.